Gold futures slip on profit-booking, global cues

Gold prices fell by 0.38 percent to Rs 26,948 per 10 grams in futures trade today as speculators locked-in gains amid weak global trends.

New Delhi: Gold prices fell by 0.38 percent to Rs 26,948 per 10 grams in futures trade today as speculators locked-in gains amid weak global trends.

At the Multi Commodity Exchange, the June contracts of gold fell by Rs 102, or 0.38 percent, to Rs 26,948 per 10 grams in a business turnover of 115 lots.

The April contracts shed Rs 96, or 0.36 percent, to Rs 26,705 per 10 grams in 436 lots.

Analysts attributed the fall in gold futures to profit-booking by speculators at prevailing levels and weak global trends.

Meanwhile, gold prices fell by 0.4 percent to USD 1,200.10 an ounce in Singapore today.

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